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HAWAII BROKER TEST 2024 WITH SOLVED SOLUTIONS GRADED A+
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HAWAII BROKER TEST 2024 WITH SOLVED SOLUTIONS GRADED A+
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HAWAII BROKERTEST 2024 WITH
SOLVED
SOLUTIONS
GRADED A+
Evatee 9/22/24 HAWAII BROKER
,HAWAII BROKER TEST 2024 WITH SOLVED
SOLUTIONS GRADED A+
Real Estate Commission Makeup Answer - 9 Members in 4 year Terms.
At least 4 brokers w/3 years experience
-4 from Honolulu
-1 from Maui
-1 from Hawaii
-1 from Kauai
-2 Public
Commission Responsibilities Answer - Enforce licensing law.
Licensure, education & discipline of agents.
Registration of schools & CE roviders, Condo projects, associations, managing
agents & hotel operators
Certification of prelicense & CE courses & instructors
Admin Real Estate Ed Fund, RE Recovery Fund, Condo Mgmt Ed Fund
Functions the Commission cannot delegate to DCCA Answer - Adopting,
amending or repealing rules
Revocation or suspension of licenses, conditions or fines
Granting, denying or otherwise conditioning license apps
It CAN delegate authority to receive, arbitrate, investigate and prosecute any
complaint
,Exemptions to be licensed as a broker or sales person Answer - An individual
owner of real estate or person acting under PA.
Receiver, trustee in bankruptcy, pers rep or trustee acting under any trust
agreement
Custodian or caretaker.
Person who manages, rents or operates a hotel
Agency owning, leasing, operating homeless facility
Funds in the Real Estate Education Fund are used for Answer - Benefit &
improvement of services to consuming public, licensees, commissioners & staff
Educational purposes
When practicing on a different island than principal place of business Answer -
Broker must maintain supervision
May not maintain or advertise a place of business other than principal.
Ads must disclose name of brokerage with address & phone number of
principal place
Agency disclosures must state ppb is located on other island
Must provide effective way to communicate with principal broker.
A licensees license will get placed on involuntary inactive status when Answer -
brokerage is no longer registered
brokerage is placed on inactive, revoked, terminated
brokerage has not place of business
PB has inactive, forfeited, suspended, revoked or term
PB is unable to act du to illness or death and no temp
PB is absent from PoB for more than 30 cal days and no temp.
PB or BIC places in inactive status after giving written notice
, License name of broker or salesperson may be Answer - Name other than legal
if full legal surname is used
Include initials, legal first or middle name or nickname
Former legal surname if it has changed if reported to commission
Notification time to report changes to commission Answer - Within 10 days of
change of name, address, brokerage working under, PPoB or branch offices, PB,
BIC, licensed employee, partner, officer/director
Time licensee must report to commission a judgment, award, disciplinary
sanction which finds the licensee liable Answer - 30 days. Failure to comply can
result in fines 100 - 1000
Due date for renewal requirements & application, fees Answer - Nov 30 of
each even-numbered year
License Forfeiture Answer - If licensee fails to comply with all requirements for
renewing prior to 12/31, his license will be forfeited immediately as of 1/1.
May reinstate within 1 year upon approval of completed app, payment of fees,
satisfaction of renewal requirements. If within 1-4 yrs, he may complete one or
more approved courses or pass exam. If over 4 years he must pass approved
exam. After 5 years it is automatically terminated.
Condominium hotel operation requirements Answer - Must be registered with
commission
Renew registration before 12/31 on even numbered yrs
Failure to register may result in fine equal to 25 times the total number of
apartments in the hotel for each month.
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